It looks like construction of the second phase of the extremely successful 14 Townhouses development on State Street in Boerum Hill is imminent. Over the summer developers Hamlin Ventures and Time Equities pulled permits for the project—which will involve the construction of nine new houses in the style of the first 14 further west on State Street—and now construction equipment has appeared at the lot, which is on the corner of Hoyt Street. The second phase of the development has been on hold since 2008. The first houses sold for between $2 and $3 million in the mid-to-late 2000s, and one recently resold for $3.4 million. The nine now being built will run from 4,300 to 5,100 square feet. We wouldn’t be surprised if the new houses are priced at $3 million+ from the get-go.
14 Townhouses, the Sequel: Coming Soon to State Street? [Brownstoner]